Quoted: Joe Mihevc is very, very sure the Sheppard subway is doomed

Quoted: Joe Mihevc is very, very sure the Sheppard subway is doomed

(Image: joemihevc.com) 

“All signs point to Sheppard being dead—D-E-A-D, dead—and I think the only thing that hasn’t happened is the news becoming public.”

That’s city councillor and former TTC vice-chair Joe Mihevc on the Sheppard subway extension, which is allegedly sunk now that the province says Rob Ford won’t be getting a cash advance on the project. Queen Park’s promised the city any leftover funds (up to $650 million) in the event the Eglinton LRT comes in under budget —something that’s looking less likely by the day—meaning Ford was asking for an advance on an amount that has yet to be decided and could easily end up being zero. We’ve said it before: the man is not great at math. What’s more, according to Mihevc, the lack of early government funding will scare away much-needed private investors. Read the entire story [Toronto Star] »